State Street Corp Boosts Stake in Xponential Fitness, Inc. (NYSE:XPOF)

State Street Corp boosted its holdings in shares of Xponential Fitness, Inc. (NYSE:XPOF) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,092 shares of the company’s stock after acquiring an additional 1,977 shares during the period. State Street Corp owned 1.12% of Xponential Fitness worth $6,710,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP increased its stake in shares of Xponential Fitness by 96.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,152,972 shares of the company’s stock worth $14,297,000 after acquiring an additional 565,451 shares during the last quarter. Verition Fund Management LLC increased its position in Xponential Fitness by 276.5% during the third quarter. Verition Fund Management LLC now owns 692,729 shares of the company’s stock worth $8,590,000 after purchasing an additional 508,715 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Xponential Fitness during the third quarter worth about $3,171,000. JCP Investment Management LLC purchased a new position in Xponential Fitness during the second quarter worth about $3,915,000. Finally, Hiddenite Capital Partners LP acquired a new position in Xponential Fitness in the 2nd quarter valued at about $2,730,000. Institutional investors and hedge funds own 58.55% of the company’s stock.

Insider Activity

In other Xponential Fitness news, Director Mark Grabowski sold 2,595,598 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.35, for a total value of $39,842,429.30. Following the completion of the transaction, the director now owns 30,546 shares in the company, valued at $468,881.10. The trade was a 98.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew Hagopian sold 26,740 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $12.18, for a total value of $325,693.20. Following the sale, the insider now directly owns 255,764 shares in the company, valued at $3,115,205.52. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 47.83% of the company’s stock.

Wall Street Analysts Forecast Growth

XPOF has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Xponential Fitness from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler cut their target price on Xponential Fitness from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Xponential Fitness has a consensus rating of “Moderate Buy” and an average price target of $17.17.

Xponential Fitness Stock Down 0.9 %

Shares of NYSE XPOF opened at $12.84 on Friday. The business’s 50 day moving average is $14.21 and its two-hundred day moving average is $14.27. Xponential Fitness, Inc. has a 52-week low of $7.40 and a 52-week high of $18.95. The firm has a market cap of $620.21 million, a price-to-earnings ratio of -11.07 and a beta of 1.26.

Xponential Fitness Profile

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in North America. It offers pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga services under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.